SABMiller chooses a new head for Foster's business

City A.M. Reporter
GLOBAL brewing giant SABMiller named Ari Mervis to take over as chief executive at Foster’s yesterday, fresh from completing a A$11.5bn (£7.5bn) takeover of Australia’s top brewer.

Mervis, who will be based in Melbourne, will continue as head of SABMiller’s Asia Pacific region and joint venture in China, CR Snow, and will be responsible for integrating Foster’s into SABMiller.

Foster’s chief executive John Pollaers will step down on 16 December, after which he said he plans to “take a bit of time out with the family” over summer before deciding on his next career move.

Pollaers has also agreed to be available to provide advice to SABMiller during the first few months of 2012, to help with the transition to the new management team.